Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Requlred: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Applied manufacturing overhead. Note: Round your Intermedlate calculations to 2 decimal places and final answer to the nearest whole doller amount. c. Over-or underappliled manufacturing overhead. Note: Round your Intermediate calculations to 2 decimal ploces and final answer to the nearest whole dollar amough. 2. If the company had used direct labor doliars (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate. Note: Round your onswer to 2 declmal places, 1.e, 3.63%. b. Applied manufacturing overhead. Note: Round your Intermedlate colculations to 2 decimal places and final answer to the nearet whole dollar amount. c. Over or underapplied manufacturing overhead. Note: Round your Intermediate colculotlons to 2 declmal places and final answer to the nearest whole dollar amount. 3. It the company had used machine hours (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined ovemead rate Note: Round your onswer to 2 decimal ploces. b. Appled manufacturing overhead Note: Round your intermedlate colevlations to 2 decimol ploces and final answer to the neareat whole dollor omount. c. Over- or underappiled manufacturing overnead Note: Round your intermedlate calculations to 2 decimal places and final answer to the ne areat whole dollar amount. 4. Based on iast years aate alone, which allocston bose woild have growided the most accurate messure fort applying manufacturing overneod costs to production? c. Over-or underapplied manufacturing overhead. Note: Round your Intermedlate calculatlons to 2 declmal places and flnal answer to the nearest whole dollar omount. 2. If the company had used direct labor dollars (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate. Note: Round your answer to 2 decimal places, le. 3.83%. b. Applied manufacturing overhead. Note: Round your Intermedlate calculations to 2 decimal places and final answer to the nearest whole dollar amount. c. Over-or underappiled manufacturing overhead. Note: Round your intermedlate calculations to 2 declmal places and final answer to the nearest whole dollor amount. 3. If the company had used machine hours (instead of direct labor hours) as its allocation base, compute the following: a. Predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Applied manufacturing overhead. Note: Round your Intermedlate calculationt to 2 decimal ploces and final onswer to the neorest whole dollar omount. c. Over-or underapplied manufacturing overhead. Note: Round your Intermedlate colculations to 2 decimal ploces and final answer to the nearest whole dollar amount. 4. Based on last year's data alone, which allocation base would have provided the most accurate measure for applying manufacturing overhead costs to production
